Cunningham, Kansas Property Taxes
The median property tax rate in Cunningham, KS is 2.29%, significantly higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Cunningham at $90,400, the typical annual property tax bill reaches $1,677, which is below the national median of $2,690. Property taxes in Cunningham are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Cunningham's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Cunningham or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cunningham, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.29%
Estimate Property Tax Bill
$2,070
$1,921
Ownwell’s Cunningham Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cunningham with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cunningham to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Cunningham, Kansas
Property taxes in Cunningham, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cunningham is 1.39%, higher than both the Kansas state median of 1.37% and the U.S. national median of 0.99%. Local government entities within Cunningham set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cunningham estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Cunningham's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67035 zip code has the highest median property tax rate of 1.39%, while the same zip code also has the lowest median tax rate of 1.39%. Understanding how these cities compare with Cunningham provides valuable insights into the varying tax landscape across Pratt, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cunningham Tax Rate
2.29%
Average Reno County Tax Rate
1.97%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cunningham, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67035 | 1.82% | 1.95% | 2.29% | 2.73% | 3.43% |
Source: Ownwell
Property Tax Assessment Values Across Cunningham, Kansas
In Cunningham, Kansas, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Reno County Appraiser's Office for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Cunningham, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. For example, the median home price in Cunningham is $90,400, with tax bills ranging from $967 at the 25th percentile to $4,012 at the 90th percentile. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Cunningham Assessed Value
$90,400
Average Reno County Assessed Value
$94,015
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cunningham, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67035 | $18,770 | $33,960 | $90,400 | $141,740 | $181,690 |
Source: Ownwell
Property Tax Bills Across Cunningham, Kansas
In Cunningham, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Factors such as the home's location within Reno County, its size, and any improvements or additions can influence its assessed value. The median home price in Cunningham stands at $90,400. Property taxes are then determined by applying the local tax rate to the assessed value. For instance, homeowners in Cunningham can expect a wide range in their tax bills, with the 25th percentile at $967 and the 75th percentile reaching $3,207, while the 90th percentile can go as high as $4,012. These tax bills are higher than the national median property tax rate of 0.99%. This variation in tax bills can significantly impact homeowners, influencing their overall housing costs and affordability. Understanding these factors can help homeowners better anticipate their annual property tax expenses and plan their finances accordingly.
Average Cunningham Tax Bill
$1,677
Average Reno County Tax Bill
$1,843
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Cunningham, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67035 | $419 | $967 | $1,677 | $3,207 | $4,012 |
Source: Ownwell